Being an actor or an actress or a singer is a lucrative profession, so lucrative that many celebrities need to hire accountants and managers to help them manage their money. While many celebrities find honest people do this, there are some who don’t and these unlucky celebrities tend to lose a lot of money as a result. Here are 9 celebrities who took their managers to court for mismanaging their finances:
9. Johnny Depp
In January 2017, Johnny Depp filed a $25 million lawsuit against his former managers at The Management Group and two of its attorneys for negligence, fraud and breach of fiduciary duty. According to the complaint, Depp claims that from 1999 to 2016 TMG collected $28 million in contingent fees that Depp says he never agreed to. The lawsuit also claims that they failed to pay his taxes on time, which costed him $5.7 million in penalties. TMG has since filed a countersuit, alleging that the actor lived an “ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford.” TMG has also released emails between Depp and his ex-managers where they warned him about his spending. The case is ongoing, but it’s not looking too good for the actor.